Nigeria Inflation Rate
Africa · 65 years of data (1960-2024)
33.24%
2024 Annual Rate
(+8.58%)
Average Rate
16.26%
1960-2024
Peak Inflation
72.84%
Year 1995
Lowest Rate
-3.73%
Year 1967
Volatility
14.87%
Std. Deviation
vs World Avg
+26.63%
World: 6.61%
vs Africa
+23.09%
Region: 10.15%
Historical Inflation Chart
Year-by-Year Data
| Year | Inflation Rate | Change |
|---|---|---|
| 2024 | 33.24% | ▲ 8.58% |
| 2023 | 24.66% | ▲ 5.81% |
| 2022 | 18.85% | ▲ 1.89% |
| 2021 | 16.95% | ▲ 3.71% |
| 2020 | 13.25% | ▲ 1.85% |
| 2019 | 11.40% | ▼ 0.70% |
| 2018 | 12.10% | ▼ 4.41% |
| 2017 | 16.50% | ▲ 0.81% |
| 2016 | 15.70% | ▲ 6.69% |
| 2015 | 9.01% | ▲ 0.96% |
| 2014 | 8.05% | ▼ 0.45% |
| 2013 | 8.50% | ▼ 3.73% |
| 2012 | 12.22% | ▲ 1.40% |
| 2011 | 10.83% | ▼ 2.91% |
| 2010 | 13.74% | ▲ 1.20% |
| 2009 | 12.54% | ▲ 0.96% |
| 2008 | 11.58% | ▲ 6.19% |
| 2007 | 5.39% | ▼ 2.84% |
| 2006 | 8.23% | ▼ 9.64% |
| 2005 | 17.86% | ▲ 2.87% |
| 2004 | 15.00% | ▲ 0.97% |
| 2003 | 14.03% | ▲ 1.16% |
| 2002 | 12.88% | ▼ 6.00% |
| 2001 | 18.87% | ▲ 11.94% |
| 2000 | 6.93% | ▲ 0.31% |
| 1999 | 6.62% | ▼ 3.38% |
| 1998 | 10.00% | ▲ 1.47% |
| 1997 | 8.53% | ▼ 20.74% |
| 1996 | 29.27% | ▼ 43.57% |
| 1995 | 72.84% | ▲ 15.80% |
| 1994 | 57.03% | ▼ 0.13% |
| 1993 | 57.17% | ▲ 12.58% |
| 1992 | 44.59% | ▲ 31.58% |
| 1991 | 13.01% | ▲ 5.64% |
| 1990 | 7.36% | ▼ 43.10% |
| 1989 | 50.47% | ▼ 4.04% |
| 1988 | 54.51% | ▲ 43.22% |
| 1987 | 11.29% | ▲ 5.57% |
| 1986 | 5.72% | ▼ 1.72% |
| 1985 | 7.44% | ▼ 10.39% |
| 1984 | 17.82% | ▼ 5.39% |
| 1983 | 23.21% | ▲ 15.51% |
| 1982 | 7.70% | ▼ 13.12% |
| 1981 | 20.81% | ▲ 10.84% |
| 1980 | 9.97% | ▼ 1.74% |
| 1979 | 11.71% | ▼ 10.00% |
| 1978 | 21.71% | ▲ 6.62% |
| 1977 | 15.09% | ▼ 9.21% |
| 1976 | 24.30% | ▼ 9.66% |
| 1975 | 33.96% | ▲ 21.29% |
| 1974 | 12.67% | ▲ 7.27% |
| 1973 | 5.40% | ▲ 1.95% |
| 1972 | 3.46% | ▼ 12.54% |
| 1971 | 16.00% | ▲ 2.24% |
| 1970 | 13.76% | ▲ 3.60% |
| 1969 | 10.16% | ▲ 10.63% |
| 1968 | -0.48% | ▲ 3.25% |
| 1967 | -3.73% | ▼ 13.42% |
| 1966 | 9.69% | ▲ 5.59% |
| 1965 | 4.10% | ▲ 3.25% |
| 1964 | 0.86% | ▲ 3.55% |
| 1963 | -2.69% | ▼ 7.96% |
| 1962 | 5.27% | ▼ 1.01% |
| 1961 | 6.28% | ▲ 0.83% |
| 1960 | 5.44% | — |
